Used as a bio-based binder in various industries, including construction and agriculture, to improve the strength and durability of materials like particleboard and soil conditioners. Acts as a dispersant in concrete admixtures, enhancing workability and reducing water content. Employed in the production of carbon fibers and as a renewable raw material for phenolic resins. Also utilized in animal feed as a pelletizing agent and in the formulation of slow-release fertilizers. Its antioxidant properties make it suitable for use in cosmetics and pharmaceuticals.